NeoPhotonics Co. (NYSE:NPTN) Expected to Announce Quarterly Sales of $79.56 Million

Wall Street analysts forecast that NeoPhotonics Co. (NYSE:NPTN) will report $79.56 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for NeoPhotonics’ earnings, with the lowest sales estimate coming in at $77.70 million and the highest estimate coming in at $80.68 million. NeoPhotonics reported sales of $102.40 million in the same quarter last year, which indicates a negative year-over-year growth rate of 22.3%. The business is scheduled to report its next quarterly earnings report on Monday, November 1st.

On average, analysts expect that NeoPhotonics will report full-year sales of $297.94 million for the current year, with estimates ranging from $287.60 million to $307.90 million. For the next year, analysts expect that the firm will report sales of $370.88 million, with estimates ranging from $341.31 million to $400.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow NeoPhotonics.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Tuesday, August 3rd. The semiconductor company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.07. The business had revenue of $65.01 million during the quarter, compared to the consensus estimate of $62.53 million. NeoPhotonics had a negative net margin of 15.01% and a negative return on equity of 18.29%.

A number of equities research analysts have issued reports on the stock. Raymond James upgraded shares of NeoPhotonics from an “underperform” rating to a “market perform” rating in a research report on Thursday, September 9th. Zacks Investment Research upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Wednesday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of NeoPhotonics in a research report on Friday, September 10th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of NeoPhotonics in a research report on Monday, September 13th. Finally, MKM Partners increased their target price on shares of NeoPhotonics from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $14.19.

In related news, COO Chiyue Cheung sold 12,667 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $9.41, for a total value of $119,196.47. Following the transaction, the chief operating officer now directly owns 2,667 shares in the company, valued at approximately $25,096.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Yuen Wupen sold 27,072 shares of the firm’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $8.20, for a total transaction of $221,990.40. Following the completion of the transaction, the vice president now owns 240,100 shares in the company, valued at $1,968,820. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in NeoPhotonics in the 2nd quarter worth $406,000. Marshall Wace North America L.P. acquired a new stake in shares of NeoPhotonics during the 2nd quarter valued at about $3,412,000. Morgan Stanley boosted its position in shares of NeoPhotonics by 1,140.2% during the 2nd quarter. Morgan Stanley now owns 164,752 shares of the semiconductor company’s stock valued at $1,681,000 after acquiring an additional 151,468 shares in the last quarter. Invesco Ltd. boosted its position in shares of NeoPhotonics by 6.8% during the 2nd quarter. Invesco Ltd. now owns 54,874 shares of the semiconductor company’s stock valued at $560,000 after acquiring an additional 3,509 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its position in shares of NeoPhotonics by 107,218.2% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 11,805 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 11,794 shares in the last quarter. Institutional investors own 84.23% of the company’s stock.

NPTN stock traded up $0.38 during midday trading on Wednesday, reaching $9.22. The company had a trading volume of 315,218 shares, compared to its average volume of 671,634. NeoPhotonics has a 1 year low of $6.15 and a 1 year high of $14.14. The company has a current ratio of 2.68, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $481.15 million, a P/E ratio of -10.48 and a beta of 0.94. The company has a 50 day moving average of $8.98 and a two-hundred day moving average of $9.83.

About NeoPhotonics

NeoPhotonics Corp. engages in the design, manufacture, and sale of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive communications networks. Its product portfolio includes pluggable coherent modules, coherent-components, 100G/400G client transceivers, optical switching, high speed ICs, 100G / 400G laser devices and light engines, passive components, network monitoring and control, and 10G and low rate components.

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Earnings History and Estimates for NeoPhotonics (NYSE:NPTN)

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